SECI Awards 840 MW of its 1200 MW Hybrid Tender Updated On Thu, Feb 14th, 2019 by Saurenergy SECI will now enter into a PPA with the two selected project developers for a period of 25 years. The Solar Energy Corporation of India (SECI) has issued the results of its 1200 MW ISTS-connected wind-solar hybrid power projects (Tranche-I) tender. Two bidders, SBE Renewable Ten Private Limited and Mahoba Solar Private Limited were awarded a […] Read more
HPL Electric and Power Ltd Reports Q3 FY 19 Results Updated On Thu, Feb 14th, 2019 by Saurenergy PAT for the first nine months of FY19, was stable. HPL Electric and Power Ltd, an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, has announced its financial results for the quarter ended December 31, 2018. Financial Performance in the first nine months of the financial year 2018-19, was […] Read more
In Renewables, it’s No Less Than a ‘Revolution’ Underway in India. WSDS 2019 Updated On Wed, Feb 13th, 2019 by Saurenergy At the World Sustainable Development Summit, India’s renewable push came up for appraisal, with everyone agreeing that it was no less than a revolution when seen from most metrics. At a panel chaired by Ajay Shankar of TERI, Anand Kumar, Secretary, MNRE, Vineet Mittal of the Avaada Energy Group representing the private sector, David Nelson […] Read more
Rs 3,584 Crore Released For RE Schemes in FY 2018-19: R K Singh Updated On Wed, Feb 13th, 2019 by Saurenergy A total of 74.79 GW of renewable energy capacity had been installed in the country at the end of December 2018. The government has released Rs 3,584.08 crore as Central Financial Assistance (CFA) for implementing renewable energy schemes by the Ministry of New and Renewable Energy (MNRE) in the financial year 2018-19 so far, power and renewable energy minister R […] Read more
Sign of the times. At Petrotech Expo, PM Speaks About Renewables Updated On Tue, Feb 12th, 2019 by Saurenergy The PM also said that signs of convergence between cheaper renewable energy, technologies and digital applications were also becoming evident. Prime Minister Narendra Modi while addressing the Petrotech Expo said that, globally the perception of energy consumption and supply is changing and nations are coming together to tackle climate change. “Winds of change are evident in the global energy arena. There […] Read more
Africa and Middle East Installed 962 MW New Wind Capacity in 2018 Updated On Mon, Feb 11th, 2019 by Saurenergy The report forecasts that a further 6.5 GW capacity will be added by 2023. According to the latest data released by the Global Wind Energy Council (GWEC), countries in Africa and the Middle East region installed 962 MW of new onshore wind power capacity in 2018, an increase of more than 300 MW compared to […] Read more
Engie Commissions Kathu CSP Plant in South Africa Updated On Mon, Feb 11th, 2019 by Saurenergy The park is expected to operate for 30 years, with a 100 MW capacity delivering an estimated 390 GWh of electricity every year. French energy and services group, ENGIE has achieved commercial operation of its 100 MW Concentrated Solar Power (CSP) plant in the Northern Cape, South Africa. The solar plant, which is one of […] Read more
Petitions by SPDs to Consider GST as Change in Law Accepted Updated On Mon, Feb 11th, 2019 by Saurenergy The CERC with its latest order has provided some relief to solar developers in a matter of GST compensation. The Central Electricity Regulatory Commission (CERC), hearing on the matter raised by local solar project developers, has issued an order accepting the Goods and Services Tax (GST) as a change in the law in case of […] Read more
IREDA IPO Expected By September Updated On Fri, Feb 8th, 2019 by Saurenergy IREDA will issue fresh 13.90 crore shares, increasing the paid-up share capital of the company from Rs 784 crore to Rs 923 crore. The initial public offer (IPO) of state-owned Indian Renewable Energy Development Agency (IREDA) will be launched before September 2019, a top official has confirmed. “We can raise up to 15 percent of our equity. […] Read more
